State Street SPDR S&P Metals & Mining ETF
$110.14−1.80 (−1.61%)
- Expense ratio
- 0.35%
- Fund size
- $4.4B
- 1Y return
- +23.5%
- Yield · Last 12 months
- 0.31%
- Holdings
- 38
- Volume · 30D
- 2.1M sh
- NAV per share
- $108.95
- 52W range
The ETF.net XME Grade
Score 63 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.BScore 61Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.CScore 48Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 35Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 92Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 65Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 72Category rank
Our read on XME
BNot the chemicals-heavy materials fund. XME holds roughly 40 miners and steelmakers on a modified equal weight, so a small copper name carries about the weight of a giant. Ore, coal and metal, since 2006.
The fund seeks to track, before fees and expenses, the total return performance of the S&P Metals and Mining Select Industry Index.
Why people hold it
- Pure play on the metals and mining slice: aluminum, coal, copper, gold, precious metals, silver and steel sub-industries, not the whole materials sector.ssga.com
- Modified equal weighting spreads exposure across large, mid and small caps, so the biggest miners don't set the tone for the whole portfolio.ssga.com
- One of the more actively traded funds in its corner of the market, and a multi-billion-dollar fund that has been running since 2006.
- 0.35% expense ratio, slightly under the median for the materials funds we grade, which is unusual for a narrow industry sleeve.
Worth knowing
- Broad materials funds cost far less: XLB at 0.08% and VAW at 0.09%. They also own a very different mix, chemicals and packaging included.
- About 40 names, many of them smaller miners, in one cyclical industry. Swings run wider than a diversified sector fund's.
- The portfolio's fortunes track commodity cycles in steel, coal, copper and gold rather than broad industrial demand.ssga.com
XME Holdings
- Stocks
- 38
- 50%
- CLF
Sectors
- Materials77.1%
- Energy18.0%
- Industrials4.9%
Geography
- United States98.68%
- Canada1.32%
XME Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
XME$12,348
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | XME |
|---|---|
| Year to date | +8.3% |
| 1 month | −6.1% |
| 3 months | −2.8% |
| 1 year | +23.5% |
| 3 years | +30.1% |
| 5 years | +23.2% |
| 10 years | +16.9% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | XME |
|---|---|---|
| 2026 YTD | +8.3% | |
| 2025 | +83.5% | |
| 2024 | −4.5% | |
| 2023 | +21.5% | |
| 2022 | +13.1% | |
| 2021 | +34.9% | |
| 2020 | +16.0% |
XME in the news
XME Dividends
- 0.31%
- $0.34
- $0.07 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 23, 2026 | $0.07 |
| Jun 22, 2026 | Jun 24, 2026 | $0.08 |
| Mar 23, 2026 | Mar 25, 2026 | $0.06 |
| Dec 22, 2025 | Dec 24, 2025 | $0.13 |
| Sep 22, 2025 | Sep 24, 2025 | $0.10 |
| Jun 23, 2025 | Jun 25, 2025 | $0.09 |
| Mar 24, 2025 | Mar 26, 2025 | $0.07 |
| Dec 23, 2024 | Dec 26, 2024 | $0.06 |
| Sep 23, 2024 | Sep 25, 2024 | $0.11 |
| Jun 24, 2024 | Jun 26, 2024 | $0.10 |
| Mar 18, 2024 | Mar 21, 2024 | $0.10 |
| Dec 18, 2023 | Dec 21, 2023 | $0.10 |
XME Risk
- 28.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.97
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −37.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.30
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
XME Cost
0.35%
XME0.35%
- The middle half of Materials (Broad) funds
- Median 0.37%
5 of the 14 Materials (Broad) funds charge less.